Politicians agree on Cadillac tax repeal

Theres plenty of disagreement between Democrats and Republicans when it comes to the Affordable Care Act. However, there is one aspect that members of both parties agree on  the Cadillac tax should be repealed.

The most recent effort to repeal the tax was announced this week, and the bill is co-sponsored by three Democrats. Reps. Joe Courtney (D-Conn.), Dina Titus (D-Nev.) and Donald Norcross (D-N.J.) unveiled the Middle Class Health Benefits Tax Repeal Act, which would repeal the excise tax on high-cost group plans. Set to take effect in 2018, employers would have to pay a 40% tax on plans exceeding $27,500 for a family or $10,200 for an individual.